SRF
SELL SRFGUYS SRF NOW READY TO GO DOWN AND PRICE ACTION DON HEAR , 200 DAYS MOVING AVERAGE ALSO SUPPORT TO SELL. WATCH AND EARN ALL THE BEST
SRF BUY ABOVE 3080SRF (SRF Limited) BUY ABOVE 3080
Rising triangular channel, if the price is broken, Stock may go up.
SRF breaking above all time high - Do you believe in buying a stock when it breaks above all time high or you are a pull back guy?
SELL SRF1)Double Top Formation
2)Bearish Butterfly pattern
3)Bollinger Band resistance
As shown in chart whenever stock break 2200 level it rapidly moves down and Simple moving average acts as support.
So it can move down up to 2140/2100/2040....
Flag PatternThe Chart has nicely formed FLAG pole between 25.10.18 to 02.11.18 and gave the breakout with good volume after small consolidation. It offers a good long trade at current level as the detail given below
Entry 2051
SL 1995
Target 2172
Risk/Reward Ratio 2.16
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Short on SRFBroken the trend-line and seems to start the fall.
Trade:
Short entry zone - 1700 - 1690
Target 1 - 1655
Target 2 - 1620
SRF weekly chart study - Broadening wedgeBuy SRF on every dip upto 1650 with a SL below 1340
Targets open
SRF LongEntered on 27 July 18 on 1694.10 with a stop loss at 1618.30
TSL 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% update on 01 Aug 18 from 1618.30 to 1686
TSL 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% update on 14 Aug 18 from 1686 to 1860
Current Trailing Stop Loss: 1860
In case of hitting Stop Loss confirmed profit: 165.9
Watchout for SRF @multimonth resistanceSRF on breakput of 1991 ->>>>>>>>
Have to check on monday closing
SRF Outside bar = Continuation of uptrend?SRF Outside bar = Continuation of uptrend?
Buy above Previous day's high 1940
SL = Low of previous day (agressive) = 1860
Target = 2050
Small Risk, Morning Star Reversal & Divergence We can observe that the lower low made is not supported by the indicators thus forming the divergence and showing the strength. It is formed Morning Star Candlestick reversal pattern which is reasonably reliable so one can buy the stock at current level by providing the appropriate SL. We can expect the target of 1815 which offers a good Risk to Reward trade.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
